a producers secretary who solicits prospects on the telephone

This type of agreement is called a, The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as, An advertisement for an insurance product may contain, Signing a prospect's name without their knowledge or presence. Which of the following is NOT considered to be an actof fraud? Which of the following is TRUE regarding the federal income tax? Which type of disability would be less than total impairment and equal to permanent impairment? a producer's secretary who solicits prospects on the telephone. Which of the following areas do error commonly occur on applications and for which the incontestable clause does NOT apply? Upon receiving a producer complaint, the Commissioner may immediately A producer may begin to solicit insurance ONLY when, A.) Which of the following is CORRECT regarding the death benefit amount. Any decrease in income resulting from this injury would make him eligible for benefits under which provision? It would be considered taxable income to the employee. D.) By providing consumer credit counseling. 1980 camaro z28 for sale in canada; fixer upper homes for sale clarksville, tn; crossroads inn leechburg menu All of these are responsibilities of the Commissioner EXCEPT, policy must be issued to XYZ, and a certificate must be issued to each employee, XYZ Corp was issued a group health policy for its employees. How long is her grace period? Anapplicants character and personal habits can be obtained for underwritingpurposes from which source? By Posted browning 725 pro sporting canada If an insurer refuses to pay a claim, how many days must the insured wait to take legal action against a health insurer after submitting written proof of loss? The commissioner must examine the financial affairs of each admitted insurer operating in Maryland at least once every how many years? June 24, 2022 . Net death benefit will be reduced if the loan is not repaid. What is the contract called that is issued to an employer for a Group Medical Insurance plan? All Medicare Supplement policies MUST contain which provision? What does the amount of these credits represent? Which rider would pay a monthly amount because of this disability? Which of these if NOT considered to be a purpose of an annuity? They are both involved in an automobile accident where Pat dies instantly and Karen dies 5 days later Key Person Disability Insurance pays benefits to the. The legal action provision in a health contract is limited to no more than ___ years. At the request of the insurer to assist in the underwriting decision. Whichof the following is Medicare Part B also known as? Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? A. Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. She paid the premium on May 15 with the policy indicating the effective date being May 30. Therole of the federal government was expanded when Medicaid was establish byallowing the state to, A. Froma large PPO on a statewide level, B. Purchasehealth insurance from the federal government, C. Receivematching funds to expand public assistance programs, D. Deferall costs to the federal government for public assistance program, Anaccident and Health policy that Provides reimbursement benefits makes them payable to the, Paulis an employee who caught a disease unique to the trade in which he was exposedto. The ____of coverage describes policy features, benefits, exclusions and riders in a long-term care policy. Which of the following situations would be suitable for a temporary work authority? D.) Intentionally violated state insurance laws. Maryland requires that a licensee completes ______ hours of continuing education on the subject of ethics every reporting period. A professional liability for which producers can be sued for mistakes of putting a policy into effect is called. Which military service exclusion clause would pay upon his death? A hospital or medical expense policy will typically cover dental treatment expenses under which circumstance? Wherewould policy proceeds be paid if both the insured and primary beneficiary werekilled in the same accident? The family's financial objectives if the income earner were to die or become disabled, Normally at any time during the policy term, Loans obtained by a policyowner against the cash value of a life insurance policy, The solicitation of a non-authorized contact in New Jersey violates. A closed network plan offers a primary physician copay of $25. On which date would Sonya have coverage? Which of the following topics needs to be discussed with this client? Which of the following is NOT required in an order from the Commissioner? Advertising material for a life insurance policy does NOT need to contain which of the following? Which of the following would have the HIGHEST premium? How long is the Contestable Period for health insurance policies sold in Maryland? PartA Hospital expense coverage provided under Medicare is automatically madeavailable to each of the following EXCEPT, A. A50-year-old individual who has qualified for SSDI in the last 24 months, B. A70-year-old NOT Eligible for Social Security, C. A55-year-old suffering from kidney failure. What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured? Collecting a chargefor insurance that is less than the charge applicable to that insurance. A producer's secretary who solicits prospects on the telephone, When a producer is replacing an existing ordinary life insurance policy, the producer must take all of the following actions EXCEPT, In Maryland, a full-time employee of a small employer MUST work an average of at least _____ per week, A producer may begin to solicit insurance ONLY when. a. social stratification b. feminization of poverty c. social class d. social mobility e. bourgeoisie f. vertical mobility g. proletariat h. intergenerational mobility i. wealth j. horizontal mobility k. income l. open-class system m. prestige n. absolute poverty o. relative poverty p. caste system. Re: Acting as insurance producer without a license Questions Presented 1. Doctor cannot charge more than Medicare's scheduled coverage, Health insurance advertisements that mention statistical information are required by New Jersey law to. We weren't able to detect the audio language on your flashcards. Twisting is an illegal act which involves, A producer does NOT have a fiduciary responsibility to. It allows for cash advances to be paid against the death benefit if the insured becomes terminally ill. Who assumes the investment risk in a variable insurance contract? There is protection of proceeds against the insured's and the beneficiary's creditors, Susan is insured through her Group Health Insurance plan and changed her coverage to an individual plan with the same insurer after her employment was terminated. Course Hero is not sponsored or endorsed by any college or university. A provision in a whole life policy that allows a policy owner to terminate the policy in return for a reduced paid-up policy of the same type is called, A type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called. Which of the following actions by a producer would NOT result in a license suspension or revocation? 1. Shirley has a $500,000 10-year non-renewable level term life policy. Which of the following must be included in the advertisement? Which of the following statements is TRUE? A domestic insurance company in Maryland MUST, Collecting premiums and paying them to the insurance company. Who is required to notify the producer in the event of appointment termination? If he files an application for renewal before the expiration date, his license will, A Medicare Supplement policy can be cancelled by the insurer for, Recording the receipt and distribution of premiums due to an insurer is considered a producer's _________ responsibility. What types of life insurance are normally usedfor key employee indemnification? a)When the policy owner notifies the insurance company, c.)When the required additional premium is paid, d.) No more than 10 days after date of birth, The double indemnity provision in a life insurance policy pertains to an insured's death caused by a(n), A) the policy would be payable, minus the premium amount, B) the policy would be payable only after the beneficiary makes past due premium payment, C) all past premiums will be refunded with interest, An insurance producer agrees to pay the first monthly premium for an insurance applicant. Which of the following statements is TRUE? Craig submits a $500 claim for medical expenses. After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? During the year, Ravenna paid a $6,000 cash dividend and it sold a piece of equipment for$3,000 that had originally cost $6,000 and had accumulated depreciation of$4,000. B. Anytimewithin 12 months after date of purchase, C. Aminimum of 6 months after date of purchase, D. Aminimum of 12 months after date of purchase. B. Providea risky, yet high return investment, Fixedannuities provide each of the following EXCEPT. the daily amount paid for nursing home care, All long-term care policies sold in North Dakota are REQUIRED to pay the SAME daily benefit amount for "at home" care as paid for. What happens to interest earned if the annuitant dies before the payout start date? Which of these is NOT considered to be a nonforfeiture option in a whole life insurance policy? Which dividend option would an insurer invest the policyowner's money and add any interest earnings as the dividends accrue? Which of the following is the likely result? Over the course of a year, which premium payment mode is most expensive? Krissa purchases a 10-year level term lifeinsurance policy that has a death benefit of $200,000. Who would most likely be coveredunder Workers Compensation? Allows the secondary payor to reduce their benefit payments so no more than 100% of the claim is paid, A producer who shares commissions with a client. Temporarily Deposit the funds in a personal account. Failing to promptly provide a reasonable explanation for the denial of a claim is considered to be a. At what age can she begin to receive distributions without a tax penalty? Which of the following is required for an insurer to conduct business in this state? Howdoes one become eligible for part D: Prescription Drug Coverage? Afterwards, she deposits the check into her personal checking account. \text{Common stock} & \hspace{13pt}70,000 & \hspace{13pt}60,000 \\ Registered for the state insurance examination. An insurance producer who replaces an existing policy by making false written or oral statements is committing the act of, A license MUST notify the Commissioner of an address change with ___ Days of the change. The applicant's medical history may be analyzed and reported, Which of the following MUST contain a "Statement of Policy Cost and Benefit Information". Actively solicits increases in limits and/or coverages or rounding out accounts through sales to clients at every service contact. National Milk Producers Federation 2107 Wilson Blvd., Suite 600 Arlington, VA 22201 Phone: 703-243-6111 E-mail: info@nmpf.org Our Future You series provides a range of topical advice and guidance via webinars and podcasts. What happens to coverage under a children's term rider when that child reaches a certain specified age? Using derogatory statements about an insurance company's financial condition. \text{Property, plant, and equipment} & \hspace{8pt}150,000 & \hspace{8pt}140,000 \\ In regards to a life insurance contract, which of the following statements is NOT true regarding the concept of insurable interest? Which entity is responsible for processing insurance advertising in New Jersey? a. Mustmeet certain underwriting guidelines. June 5, 2022 . Ahealth care provider claim may be settled using which of the following paymentmethods? If she dies 15 years after the policy's inception date, how much will her beneficiary receive? In event of acontroversy between the insured and the company, the producer is considered to representthe. An attending physician's statement would be appropriate for which life insurance purpose? This is called a. A. A. Timeperiod an insured must wait before coverage begins, B. Timeperiod a disabled person must wait before benefits are paid, C. Timeperiod after the policy issue date in which the provisions are stillcontestable, Inan insurance contract, the element that shows each party is giving something ofvalue is called. A life insurance policy normally contains a provision that restricts coverage in the event of death under all of the following situations EXCEPT, An insurance consultant is BEST defines as a. Tara the producer is delivering a specified disease insurance policy to a new policyowner. D. Assist an insurer in determine an applicantscreditworthiness. Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. How often must an insurance producer's license in New Jersey be renewed? The taxable portion of each annuity payment is calculated using which method? In accordance with New Jersey law, a Producer must remit health insurance premiums to the insurer within what period? Under this plan a, Adoption of a child (an uninsured, eligible employee who acquires a new dependent through marriage, birth, or adoption may qualify for special enrollment in a small employer's health benefit plan). Whichof these will have the highest monthly payout upon Annuitization? A Medicare supplement policy can be cancelled by the insurer for: Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. His policy may be reinstated at any time within _____ years. Which law do all insurers and their producers need to comply with? Paul has a (n), Failingto Promptly provide a reasonable explanation for the denial of a claim is conservedto be a(n), AnHMO that involves a partnership of physicians and other providers who practiceout of a central facility is called a(n), Smallemployers who are spooned by an insurer to provider group benefits to itsemployees are called. In advertisements of life insurance and annuities, all of the following are true EXCEPT, Advertisements must include training materials provided to the producer. Alimited payment whole life policy provides. A. Thepolicys elimination period is waived, B. Thetime frame for reinstating a lapsed policy is extended, C. Thepolicys probation period is earlier than the present, D. Thepolicy effective date is earlier than the present, D. The policy effective date is earlier than thepresent, Premiummode is a term used to describe the. If Jay were to receive a fee for this advice (in addition to his commission), he MUST, Obtain a signed memorandum from the prospect acknowledging the amount of compensation. An applicant's character and personal habits can be obtained for underwriting purposes from which source? For large samples, describe the sampling distribution of, (p^1p^2)\left( \hat { p } _ { 1 } - \hat { p } _ { 2 } \right) . A producer's secretary who solicits prospects on the telephone Must be licensed as a producer Which of the following is a requirement for ANY change in an insurance application? A. D. Coverage includes compulsory hospital andvoluntary supplementary medical insurance. Which of these is NOT considered to be a risk factor in life insurance underwriting? This rider is called a(n). 5511. The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to asA)twistingB)subrogationC)a life settlementD) coercion. Tarathe producer is delivering a specified disease insurance policy to a new policyowner. 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. Which of the following is an example of defamation? If the company debited Accounts Receivable and credited Sales for $600,000 during the year, what is the total amount of credits recorded in Accounts Receivable during the year? Lower than the typical whole life policy duringthe first few years and then higher than typical for the remainder. A. Atourist traveling abroad on a major airline carrier, B. Anindividual who has a hobby racing cars once a month, C. Anairline pilot who flies for a commercial carrier, B. AnIndividual who has a hobby racing cars once a month. Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered. Which of the following is NOT information found in a life insurance buyer's guide? Which of the following is NOT a reason for the Commissioner to deny or refuse a producer license application? Underthe Maryland health insurance plan, comprehensive health benefits are providedto. Failing to renew license on timely basics, C.) Sharing Commissioners with another licensed Producer, D.) Signing a prospect's name without thier knowledge or presence, The Fair Credit Reporting Act Protects consumers, B.) a producers secretary who solicits prospects on the telephone Welcome To Be Falcon Solutions Website Hotline & WhatsApp : +971556212280 | Landline : +97143873596 , +97167499398 james reynolds obituary popeyes vs chicken express do venmo requests expire yorba linda football maxpreps primary care physicians in cleveland ohio Please select the correct language below. Arollover from a Traditional IRA to another IRA must be done within __ days toavoid tax consequences. When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable? One of. Which of the following is NOT a common exclusion for a medical expense policy? A life insurance replacement gives the policyowner the right to return the policy for a 100% refund within _____ days of policy delivery, A producer MUST maintain insurance transaction records for a minimum of ____ years. Healthinsurance will typically cover which of the following perils? \text{Total liabilities and stockholders' equity} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ Before conducting an HIV related test, an insurer is REQUIRED to obtain written authorization from the. \\ Whoregulates the quality of care provided by a health maintenance organization(HMO), a. Secretaryof department of health and mental hygiene, b. NationalAssociation of insurance commissioners, A.Secretary of the department of health and mental hygiene. \text{Total assets} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ The Office of General Counsel issued the following opinion on April 25, 2005, representing the position of the New York State Insurance Department. \text{Cash and cash equivalents} & \$\ \hspace{5pt}48,000 & \$\ \hspace{5pt}57,000 \\ An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? Juni 2022. Which of the following does Medicare Part D cover? Which option was chosen? ARoth IRA owner must be a least what age in order to make tax-free withdrawals? Please sign in to share these flashcards. A life insurance policyowner was injured in an automobile accident which results in a total and permanent disability. a producers secretary who solicits prospects on the telephonecapricorn and virgo flirting. What is involved when a life insurance policy has been backdated? You are here: leeds city council repairs phone number a producers secretary who solicits prospects on the telephone. How long must a life insurance policy be in effect before the policy owner may use the non forfeiture provision? Which of these is NOT a characteristic of the Accelerated Death Benefit option? Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? audio not yet available for this language. What is the purpose of having an accelerated death benefit on a life insurance policy? \text{Accounts receivable} & \hspace{13pt}41,000 & \hspace{13pt}44,000 \\ Determines what is paid by the primary and secondary insurers in the event of a claim, A producer has recently died and leaves behind a spouse. Which of these is NOT subject to income taxation under a Modified Endowment Contract (MEC)? She is receiving the deathbenefit in payments of $10,000 per month until the principal and interest hasbeen paid out. C.) Unintentionally misrepresented a material fact on the application. ABC Insurance Agency is entering each applicant who purchases insurance through their agency into a drawing to win a free trip. The entity which issues the certificate of authority is the, A policyowner has _____ days after policy delivery to return a major medical policy for a full refund, make any transactions before being approved for a licence, counsels and advises the Governor on all matters assigned to the Maryland Insurance Administration, A Maryland insurance producer solicits an insurance policy. Upon delivery, she may be expected to collected all of the followingEXCEPT a(n), B. Signedimpairment rider acknowledgement, C. Modifiedapplication with a new signature, Oneof the most important considerations when replacing health insurance would bethe. {"cdnAssetsUrl":"","site_dot_caption":"Cram.com","premium_user":false,"premium_set":false,"payreferer":"clone_set","payreferer_set_title":"Insurance\/Healt Agent Exam","payreferer_url":"\/flashcards\/copy\/insurance-healt-agent-exam--11456962","isGuest":true,"ga_id":"UA-272909-1","facebook":{"clientId":"363499237066029","version":"v12.0","language":"en_US"}}. All of these are standard exclusions found in a life insurance policy EXCEPT. a producers secretary who solicits prospects on the telephone. Which of the following is NOT part of an insurance contact? An insurance producer who convinces a prospective insured to purchase a policy by exaggerating the benefits of the policy may be found guilty of, An ____ _____ sells, solicits, or negotiates insurance contracts for compensation, All of these activities require an individual to hold a producer's license EXCEPT, Jim recently sold his whole life insurance policy under a viatical settlement contract. The insurer's obligation to pay a death benefit upon an approved death claim, Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year. A. Toaccept or decline insurance applicants, B. Toset the premium rates for insurers, D. Toperform physical examination on applicants. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? The benefit can be offered as a rider at a specific extra cost or may be at no cost, All of the following are included as part of a contract in the entire contract provision EXCEPT the. In Maryland, an insurance producer cannot sell, solicit, or negotiate policies for an insurer unless there is an agreement in place between the producer and insurer. \end{array} This MANDATORY health policy provision states that the policy, including endorsements and attached papers, constitutes, The entire insurance contract between the parties, All of the following are elements of an insurance policy EXCEPT. A whole life policy option where extended term insurance is selected is called a(n). The replacing policy may only impose a ____ month time exclusion for pre-existing conditions, forward premiums to the insurer on a timely basis, When collecting insurance premiums from a client, a producer MUST, Once a health insurance policy has been in force for _______ years, the policy may NOT be contested by the insurer, cancelling a term life policy to buy a whole life policy, All of these types of benefits may be covered by a nonprofit health service plan EXCEPT, have it's content approved by the commissioner. The Commissioner issues a subpoena to a producer. Find out how you can intelligently organize your Flashcards. What geographic factor makes Antarctica's ice caps drier than deserts in Africa and Asia? Pierre MUST remit the premium to his insurer within ___ business days of receipt. How many months can a life insurance policy normally be backdated from the date of application? 2.1.1 6 Whole life Insurance in Malaysia In which of the following relationship would there NOT be an insurable interest? The face amount and the premium will remain constant over the 10-year period. When are group disability benefits considered to be tax-free to the insured? Which of the following is the likely result? Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? An eligible employee can be excluded from group health coverage for up to _______ months is he/she is considered a "late enrollee". Pre-existing conditions may only be excludes from coverage for a maximum of 6 months, The reinstatement provision in a health insurance policy is, The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called, Naming a contingent beneficiary as "all surviving children" is describing by which term, The entire contract includes the actual policy and the. B.) Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. D. The face amount and premium will remain constantover the 10-year period. Unintentionally misrepresented a material fact on the application. What will the beneficiary receive if an annuitant dies during the accumulation period? An example of a primary care physician would be an, A fee for service health insurance plan will normally cover. A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing. \text{Net property, plant, and equipment} & \underline{\hspace{8pt}100,000} & \underline{\hspace{8pt}105,000} \\ D. Level for the first 5 years then decreases forthe remainder of the policy. The policies continue in force with no change. Higher than the typical whole life policy duringthe first few years and then lower than typical for the remainder. B.Canceling a term life policy to buy a whole life policy. Which of the following is Medicare Part B also known as? In Maryland, a full-time employee of a small employer MUST work an average of at least ___ per week. How long after its effective date will an individual life insurance policy become incontestable? Which of these will typically authorize treatment from a specialist? Engaged in a fraudulent insurance practices. Which of these statements is true? Why are dividends from a mutual insurer not subject to taxation? How soon can the benefit payments begin with a deferred annuity? A _______ negotiates an insurance contract on behalf of an insurer, The Entire Contract provision states that an entire contract consists of the actual policy and the, the last day of the licensee's birth month (every two years), A producer's renewal date for his/her resident insurance license is on or before. In Maryland, a Producer may have his/her license revoked for which of the following acts? What amount will be paid under a policy where the insured misstated his/her age? Mark continues working after the age of 65 and is covered through his employer's group health plan. Which type of contract may NOT be issued by an insurance company? by . A producer may be disciplined by the Commissioner for which of the following actions? B. A prorated death benefit based on the amount of insurance the insured's premiums would have been if purchased at the correct age, A guaranteed issue insurance policy has no, A single premium cash value policy can be described as, A policy that is paid up after only one payment. Which of the following would disqualify a company's retirement plan from receiving favorable tax treatment? Term, Whole, and universal life insurance, C. Joint, credit, and group life insurance.

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a producers secretary who solicits prospects on the telephone

a producers secretary who solicits prospects on the telephonetorrington police blotter january 2021

This type of agreement is called a, The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as, An advertisement for an insurance product may contain, Signing a prospect's name without their knowledge or presence. Which of the following is NOT considered to be an actof fraud? Which of the following is TRUE regarding the federal income tax? Which type of disability would be less than total impairment and equal to permanent impairment? a producer's secretary who solicits prospects on the telephone. Which of the following areas do error commonly occur on applications and for which the incontestable clause does NOT apply? Upon receiving a producer complaint, the Commissioner may immediately A producer may begin to solicit insurance ONLY when, A.) Which of the following is CORRECT regarding the death benefit amount. Any decrease in income resulting from this injury would make him eligible for benefits under which provision? It would be considered taxable income to the employee. D.) By providing consumer credit counseling. 1980 camaro z28 for sale in canada; fixer upper homes for sale clarksville, tn; crossroads inn leechburg menu All of these are responsibilities of the Commissioner EXCEPT, policy must be issued to XYZ, and a certificate must be issued to each employee, XYZ Corp was issued a group health policy for its employees. How long is her grace period? Anapplicants character and personal habits can be obtained for underwritingpurposes from which source? By Posted browning 725 pro sporting canada If an insurer refuses to pay a claim, how many days must the insured wait to take legal action against a health insurer after submitting written proof of loss? The commissioner must examine the financial affairs of each admitted insurer operating in Maryland at least once every how many years? June 24, 2022 . Net death benefit will be reduced if the loan is not repaid. What is the contract called that is issued to an employer for a Group Medical Insurance plan? All Medicare Supplement policies MUST contain which provision? What does the amount of these credits represent? Which rider would pay a monthly amount because of this disability? Which of these if NOT considered to be a purpose of an annuity? They are both involved in an automobile accident where Pat dies instantly and Karen dies 5 days later Key Person Disability Insurance pays benefits to the. The legal action provision in a health contract is limited to no more than ___ years. At the request of the insurer to assist in the underwriting decision. Whichof the following is Medicare Part B also known as? Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? A. Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. She paid the premium on May 15 with the policy indicating the effective date being May 30. Therole of the federal government was expanded when Medicaid was establish byallowing the state to, A. Froma large PPO on a statewide level, B. Purchasehealth insurance from the federal government, C. Receivematching funds to expand public assistance programs, D. Deferall costs to the federal government for public assistance program, Anaccident and Health policy that Provides reimbursement benefits makes them payable to the, Paulis an employee who caught a disease unique to the trade in which he was exposedto. The ____of coverage describes policy features, benefits, exclusions and riders in a long-term care policy. Which of the following situations would be suitable for a temporary work authority? D.) Intentionally violated state insurance laws. Maryland requires that a licensee completes ______ hours of continuing education on the subject of ethics every reporting period. A professional liability for which producers can be sued for mistakes of putting a policy into effect is called. Which military service exclusion clause would pay upon his death? A hospital or medical expense policy will typically cover dental treatment expenses under which circumstance? Wherewould policy proceeds be paid if both the insured and primary beneficiary werekilled in the same accident? The family's financial objectives if the income earner were to die or become disabled, Normally at any time during the policy term, Loans obtained by a policyowner against the cash value of a life insurance policy, The solicitation of a non-authorized contact in New Jersey violates. A closed network plan offers a primary physician copay of $25. On which date would Sonya have coverage? Which of the following topics needs to be discussed with this client? Which of the following is NOT required in an order from the Commissioner? Advertising material for a life insurance policy does NOT need to contain which of the following? Which of the following would have the HIGHEST premium? How long is the Contestable Period for health insurance policies sold in Maryland? PartA Hospital expense coverage provided under Medicare is automatically madeavailable to each of the following EXCEPT, A. A50-year-old individual who has qualified for SSDI in the last 24 months, B. A70-year-old NOT Eligible for Social Security, C. A55-year-old suffering from kidney failure. What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured? Collecting a chargefor insurance that is less than the charge applicable to that insurance. A producer's secretary who solicits prospects on the telephone, When a producer is replacing an existing ordinary life insurance policy, the producer must take all of the following actions EXCEPT, In Maryland, a full-time employee of a small employer MUST work an average of at least _____ per week, A producer may begin to solicit insurance ONLY when. a. social stratification b. feminization of poverty c. social class d. social mobility e. bourgeoisie f. vertical mobility g. proletariat h. intergenerational mobility i. wealth j. horizontal mobility k. income l. open-class system m. prestige n. absolute poverty o. relative poverty p. caste system. Re: Acting as insurance producer without a license Questions Presented 1. Doctor cannot charge more than Medicare's scheduled coverage, Health insurance advertisements that mention statistical information are required by New Jersey law to. We weren't able to detect the audio language on your flashcards. Twisting is an illegal act which involves, A producer does NOT have a fiduciary responsibility to. It allows for cash advances to be paid against the death benefit if the insured becomes terminally ill. Who assumes the investment risk in a variable insurance contract? There is protection of proceeds against the insured's and the beneficiary's creditors, Susan is insured through her Group Health Insurance plan and changed her coverage to an individual plan with the same insurer after her employment was terminated. Course Hero is not sponsored or endorsed by any college or university. A provision in a whole life policy that allows a policy owner to terminate the policy in return for a reduced paid-up policy of the same type is called, A type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called. Which of the following actions by a producer would NOT result in a license suspension or revocation? 1. Shirley has a $500,000 10-year non-renewable level term life policy. Which of the following must be included in the advertisement? Which of the following statements is TRUE? A domestic insurance company in Maryland MUST, Collecting premiums and paying them to the insurance company. Who is required to notify the producer in the event of appointment termination? If he files an application for renewal before the expiration date, his license will, A Medicare Supplement policy can be cancelled by the insurer for, Recording the receipt and distribution of premiums due to an insurer is considered a producer's _________ responsibility. What types of life insurance are normally usedfor key employee indemnification? a)When the policy owner notifies the insurance company, c.)When the required additional premium is paid, d.) No more than 10 days after date of birth, The double indemnity provision in a life insurance policy pertains to an insured's death caused by a(n), A) the policy would be payable, minus the premium amount, B) the policy would be payable only after the beneficiary makes past due premium payment, C) all past premiums will be refunded with interest, An insurance producer agrees to pay the first monthly premium for an insurance applicant. Which of the following statements is TRUE? Craig submits a $500 claim for medical expenses. After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? During the year, Ravenna paid a $6,000 cash dividend and it sold a piece of equipment for$3,000 that had originally cost $6,000 and had accumulated depreciation of$4,000. B. Anytimewithin 12 months after date of purchase, C. Aminimum of 6 months after date of purchase, D. Aminimum of 12 months after date of purchase. B. Providea risky, yet high return investment, Fixedannuities provide each of the following EXCEPT. the daily amount paid for nursing home care, All long-term care policies sold in North Dakota are REQUIRED to pay the SAME daily benefit amount for "at home" care as paid for. What happens to interest earned if the annuitant dies before the payout start date? Which of these is NOT considered to be a nonforfeiture option in a whole life insurance policy? Which dividend option would an insurer invest the policyowner's money and add any interest earnings as the dividends accrue? Which of the following is the likely result? Over the course of a year, which premium payment mode is most expensive? Krissa purchases a 10-year level term lifeinsurance policy that has a death benefit of $200,000. Who would most likely be coveredunder Workers Compensation? Allows the secondary payor to reduce their benefit payments so no more than 100% of the claim is paid, A producer who shares commissions with a client. Temporarily Deposit the funds in a personal account. Failing to promptly provide a reasonable explanation for the denial of a claim is considered to be a. At what age can she begin to receive distributions without a tax penalty? Which of the following is required for an insurer to conduct business in this state? Howdoes one become eligible for part D: Prescription Drug Coverage? Afterwards, she deposits the check into her personal checking account. \text{Common stock} & \hspace{13pt}70,000 & \hspace{13pt}60,000 \\ Registered for the state insurance examination. An insurance producer who replaces an existing policy by making false written or oral statements is committing the act of, A license MUST notify the Commissioner of an address change with ___ Days of the change. The applicant's medical history may be analyzed and reported, Which of the following MUST contain a "Statement of Policy Cost and Benefit Information". Actively solicits increases in limits and/or coverages or rounding out accounts through sales to clients at every service contact. National Milk Producers Federation 2107 Wilson Blvd., Suite 600 Arlington, VA 22201 Phone: 703-243-6111 E-mail: info@nmpf.org Our Future You series provides a range of topical advice and guidance via webinars and podcasts. What happens to coverage under a children's term rider when that child reaches a certain specified age? Using derogatory statements about an insurance company's financial condition. \text{Property, plant, and equipment} & \hspace{8pt}150,000 & \hspace{8pt}140,000 \\ In regards to a life insurance contract, which of the following statements is NOT true regarding the concept of insurable interest? Which entity is responsible for processing insurance advertising in New Jersey? a. Mustmeet certain underwriting guidelines. June 5, 2022 . Ahealth care provider claim may be settled using which of the following paymentmethods? If she dies 15 years after the policy's inception date, how much will her beneficiary receive? In event of acontroversy between the insured and the company, the producer is considered to representthe. An attending physician's statement would be appropriate for which life insurance purpose? This is called a. A. A. Timeperiod an insured must wait before coverage begins, B. Timeperiod a disabled person must wait before benefits are paid, C. Timeperiod after the policy issue date in which the provisions are stillcontestable, Inan insurance contract, the element that shows each party is giving something ofvalue is called. A life insurance policy normally contains a provision that restricts coverage in the event of death under all of the following situations EXCEPT, An insurance consultant is BEST defines as a. Tara the producer is delivering a specified disease insurance policy to a new policyowner. D. Assist an insurer in determine an applicantscreditworthiness. Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. How often must an insurance producer's license in New Jersey be renewed? The taxable portion of each annuity payment is calculated using which method? In accordance with New Jersey law, a Producer must remit health insurance premiums to the insurer within what period? Under this plan a, Adoption of a child (an uninsured, eligible employee who acquires a new dependent through marriage, birth, or adoption may qualify for special enrollment in a small employer's health benefit plan). Whichof these will have the highest monthly payout upon Annuitization? A Medicare supplement policy can be cancelled by the insurer for: Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. His policy may be reinstated at any time within _____ years. Which law do all insurers and their producers need to comply with? Paul has a (n), Failingto Promptly provide a reasonable explanation for the denial of a claim is conservedto be a(n), AnHMO that involves a partnership of physicians and other providers who practiceout of a central facility is called a(n), Smallemployers who are spooned by an insurer to provider group benefits to itsemployees are called. In advertisements of life insurance and annuities, all of the following are true EXCEPT, Advertisements must include training materials provided to the producer. Alimited payment whole life policy provides. A. Thepolicys elimination period is waived, B. Thetime frame for reinstating a lapsed policy is extended, C. Thepolicys probation period is earlier than the present, D. Thepolicy effective date is earlier than the present, D. The policy effective date is earlier than thepresent, Premiummode is a term used to describe the. If Jay were to receive a fee for this advice (in addition to his commission), he MUST, Obtain a signed memorandum from the prospect acknowledging the amount of compensation. An applicant's character and personal habits can be obtained for underwriting purposes from which source? For large samples, describe the sampling distribution of, (p^1p^2)\left( \hat { p } _ { 1 } - \hat { p } _ { 2 } \right) . A producer's secretary who solicits prospects on the telephone Must be licensed as a producer Which of the following is a requirement for ANY change in an insurance application? A. D. Coverage includes compulsory hospital andvoluntary supplementary medical insurance. Which of these is NOT considered to be a risk factor in life insurance underwriting? This rider is called a(n). 5511. The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to asA)twistingB)subrogationC)a life settlementD) coercion. Tarathe producer is delivering a specified disease insurance policy to a new policyowner. 16381 Chillicothe Rd, Chagrin Falls, OH 44023, USA 440-708-1855. search. Which of the following is an example of defamation? If the company debited Accounts Receivable and credited Sales for $600,000 during the year, what is the total amount of credits recorded in Accounts Receivable during the year? Lower than the typical whole life policy duringthe first few years and then higher than typical for the remainder. A. Atourist traveling abroad on a major airline carrier, B. Anindividual who has a hobby racing cars once a month, C. Anairline pilot who flies for a commercial carrier, B. AnIndividual who has a hobby racing cars once a month. Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered. Which of the following is NOT information found in a life insurance buyer's guide? Which of the following is NOT a reason for the Commissioner to deny or refuse a producer license application? Underthe Maryland health insurance plan, comprehensive health benefits are providedto. Failing to renew license on timely basics, C.) Sharing Commissioners with another licensed Producer, D.) Signing a prospect's name without thier knowledge or presence, The Fair Credit Reporting Act Protects consumers, B.) a producers secretary who solicits prospects on the telephone Welcome To Be Falcon Solutions Website Hotline & WhatsApp : +971556212280 | Landline : +97143873596 , +97167499398 james reynolds obituary popeyes vs chicken express do venmo requests expire yorba linda football maxpreps primary care physicians in cleveland ohio Please select the correct language below. Arollover from a Traditional IRA to another IRA must be done within __ days toavoid tax consequences. When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable? One of. Which of the following is NOT a common exclusion for a medical expense policy? A life insurance replacement gives the policyowner the right to return the policy for a 100% refund within _____ days of policy delivery, A producer MUST maintain insurance transaction records for a minimum of ____ years. Healthinsurance will typically cover which of the following perils? \text{Total liabilities and stockholders' equity} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ Before conducting an HIV related test, an insurer is REQUIRED to obtain written authorization from the. \\ Whoregulates the quality of care provided by a health maintenance organization(HMO), a. Secretaryof department of health and mental hygiene, b. NationalAssociation of insurance commissioners, A.Secretary of the department of health and mental hygiene. \text{Total assets} & \underline{\underline{\hspace{3pt}\$244,000}} & \underline{\underline{\hspace{3pt}\$256,000}} \\ The Office of General Counsel issued the following opinion on April 25, 2005, representing the position of the New York State Insurance Department. \text{Cash and cash equivalents} & \$\ \hspace{5pt}48,000 & \$\ \hspace{5pt}57,000 \\ An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? Juni 2022. Which of the following does Medicare Part D cover? Which option was chosen? ARoth IRA owner must be a least what age in order to make tax-free withdrawals? Please sign in to share these flashcards. A life insurance policyowner was injured in an automobile accident which results in a total and permanent disability. a producers secretary who solicits prospects on the telephonecapricorn and virgo flirting. What is involved when a life insurance policy has been backdated? You are here: leeds city council repairs phone number a producers secretary who solicits prospects on the telephone. How long must a life insurance policy be in effect before the policy owner may use the non forfeiture provision? Which of these is NOT a characteristic of the Accelerated Death Benefit option? Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? audio not yet available for this language. What is the purpose of having an accelerated death benefit on a life insurance policy? \text{Accounts receivable} & \hspace{13pt}41,000 & \hspace{13pt}44,000 \\ Determines what is paid by the primary and secondary insurers in the event of a claim, A producer has recently died and leaves behind a spouse. Which of these is NOT subject to income taxation under a Modified Endowment Contract (MEC)? She is receiving the deathbenefit in payments of $10,000 per month until the principal and interest hasbeen paid out. C.) Unintentionally misrepresented a material fact on the application. ABC Insurance Agency is entering each applicant who purchases insurance through their agency into a drawing to win a free trip. The entity which issues the certificate of authority is the, A policyowner has _____ days after policy delivery to return a major medical policy for a full refund, make any transactions before being approved for a licence, counsels and advises the Governor on all matters assigned to the Maryland Insurance Administration, A Maryland insurance producer solicits an insurance policy. Upon delivery, she may be expected to collected all of the followingEXCEPT a(n), B. Signedimpairment rider acknowledgement, C. Modifiedapplication with a new signature, Oneof the most important considerations when replacing health insurance would bethe. {"cdnAssetsUrl":"","site_dot_caption":"Cram.com","premium_user":false,"premium_set":false,"payreferer":"clone_set","payreferer_set_title":"Insurance\/Healt Agent Exam","payreferer_url":"\/flashcards\/copy\/insurance-healt-agent-exam--11456962","isGuest":true,"ga_id":"UA-272909-1","facebook":{"clientId":"363499237066029","version":"v12.0","language":"en_US"}}. All of these are standard exclusions found in a life insurance policy EXCEPT. a producers secretary who solicits prospects on the telephone. Which of the following is NOT part of an insurance contact? An insurance producer who convinces a prospective insured to purchase a policy by exaggerating the benefits of the policy may be found guilty of, An ____ _____ sells, solicits, or negotiates insurance contracts for compensation, All of these activities require an individual to hold a producer's license EXCEPT, Jim recently sold his whole life insurance policy under a viatical settlement contract. The insurer's obligation to pay a death benefit upon an approved death claim, Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year. A. Toaccept or decline insurance applicants, B. Toset the premium rates for insurers, D. Toperform physical examination on applicants. At minimum, a carrier is required to offer which of the following health benefit plans to small employers? The benefit can be offered as a rider at a specific extra cost or may be at no cost, All of the following are included as part of a contract in the entire contract provision EXCEPT the. In Maryland, an insurance producer cannot sell, solicit, or negotiate policies for an insurer unless there is an agreement in place between the producer and insurer. \end{array} This MANDATORY health policy provision states that the policy, including endorsements and attached papers, constitutes, The entire insurance contract between the parties, All of the following are elements of an insurance policy EXCEPT. A whole life policy option where extended term insurance is selected is called a(n). The replacing policy may only impose a ____ month time exclusion for pre-existing conditions, forward premiums to the insurer on a timely basis, When collecting insurance premiums from a client, a producer MUST, Once a health insurance policy has been in force for _______ years, the policy may NOT be contested by the insurer, cancelling a term life policy to buy a whole life policy, All of these types of benefits may be covered by a nonprofit health service plan EXCEPT, have it's content approved by the commissioner. The Commissioner issues a subpoena to a producer. Find out how you can intelligently organize your Flashcards. What geographic factor makes Antarctica's ice caps drier than deserts in Africa and Asia? Pierre MUST remit the premium to his insurer within ___ business days of receipt. How many months can a life insurance policy normally be backdated from the date of application? 2.1.1 6 Whole life Insurance in Malaysia In which of the following relationship would there NOT be an insurable interest? The face amount and the premium will remain constant over the 10-year period. When are group disability benefits considered to be tax-free to the insured? Which of the following is the likely result? Which of the following enables a life policy to be replaced with another life policy and results in the postponement of the tax consequence? An eligible employee can be excluded from group health coverage for up to _______ months is he/she is considered a "late enrollee". Pre-existing conditions may only be excludes from coverage for a maximum of 6 months, The reinstatement provision in a health insurance policy is, The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called, Naming a contingent beneficiary as "all surviving children" is describing by which term, The entire contract includes the actual policy and the. B.) Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. D. The face amount and premium will remain constantover the 10-year period. Unintentionally misrepresented a material fact on the application. What will the beneficiary receive if an annuitant dies during the accumulation period? An example of a primary care physician would be an, A fee for service health insurance plan will normally cover. A disability income policy can prevent an insured from earning a higher income than if he/she were working by utilizing. \text{Net property, plant, and equipment} & \underline{\hspace{8pt}100,000} & \underline{\hspace{8pt}105,000} \\ D. Level for the first 5 years then decreases forthe remainder of the policy. The policies continue in force with no change. Higher than the typical whole life policy duringthe first few years and then lower than typical for the remainder. B.Canceling a term life policy to buy a whole life policy. Which of the following is Medicare Part B also known as? In Maryland, a full-time employee of a small employer MUST work an average of at least ___ per week. How long after its effective date will an individual life insurance policy become incontestable? Which of these will typically authorize treatment from a specialist? Engaged in a fraudulent insurance practices. Which of these statements is true? Why are dividends from a mutual insurer not subject to taxation? How soon can the benefit payments begin with a deferred annuity? A _______ negotiates an insurance contract on behalf of an insurer, The Entire Contract provision states that an entire contract consists of the actual policy and the, the last day of the licensee's birth month (every two years), A producer's renewal date for his/her resident insurance license is on or before. In Maryland, a Producer may have his/her license revoked for which of the following acts? What amount will be paid under a policy where the insured misstated his/her age? Mark continues working after the age of 65 and is covered through his employer's group health plan. Which type of contract may NOT be issued by an insurance company? by . A producer may be disciplined by the Commissioner for which of the following actions? B. A prorated death benefit based on the amount of insurance the insured's premiums would have been if purchased at the correct age, A guaranteed issue insurance policy has no, A single premium cash value policy can be described as, A policy that is paid up after only one payment. Which of the following would disqualify a company's retirement plan from receiving favorable tax treatment? Term, Whole, and universal life insurance, C. Joint, credit, and group life insurance. Aerial Gymnastics Liverpool, Eskenazi Mental Health Recovery Center, Articles A

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